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ARTICLE · 08 MARCH 2022

Cryptocurrency Amid Pandemic

Sapphire and Sage Law Offices
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In the 21stcentury the next breakthrough after the innovation of the internet was Cryptocurrency.

IndiaTechnology
Shreya Sharma
Shreya Sharma

INTRODUCTION

In the 21stcentury the next breakthrough after the innovation of the internet was Cryptocurrency. One of the best-known cryptocurrencies is Bitcoin which was introduced in 2008 having a value of zero, and if we talk about the same in today's time the value of the same Bitcoin is in lakhs of Indian Rupees.

Cryptocurrency Explained

Just like the currency of any other country, a Cryptocurrency is also a form of currency. It is not a physical currency but a digital currency. If we talk about India, Indian currency can only be used in India but it is not the same as Cryptocurrency, it can be used in any country as it is a globally accepted currency. The second advantage of such currency is that it is not regulated by any central authority or Government and there is no involvement of any middle man.

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